Karma Energy quarterly results and financials

Karma Energy (KARMAENG)₹34.63−2.15%(9 Nov 2026 close)Power Generation

Key facts

In the Mar 2026 quarter (standalone), Karma Energy reported sales of ₹0.89 Cr, down 6.3% from Mar 2025, and net profit of −₹0.83 Cr, down 618.8% year on year. For the year to Mar 2026, sales were ₹9.80 Cr and net profit ₹1.06 Cr.

Sales (Mar 2026): ₹0.89 Cr
Net profit (Mar 2026): −₹0.83 Cr
Sales (FY Mar 2026): ₹9.80 Cr
Net profit (FY Mar 2026): ₹1.06 Cr
EPS (Mar 2026): ₹−0.72
Borrowings (Mar 2026): ₹1.51 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Karma Energy quarterly results

₹ crore unless stated; each column is a quarter.

Karma Energy Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3.52	6.33	1.52	1.04	2.41	4.43	0.95	0.95	3.07	4.64	1.21	0.89
Expenses	2.43	2.11	2.23	3.49	2.19	2.25	2.31	1.46	3.14	3.02	3.11	3.31
Operating Profit	1.08	4.20	−0.74	−2.48	0.21	2.17	−1.39	−0.54	−0.10	1.60	−1.93	−2.45
OPM %	30.4%	66.4%	−48.4%	−239.8%	8.3%	48.8%	−146.9%	−56.4%	−3.0%	34.4%	−160.0%	−277.3%
Other Income	0.05	0.00	0.22	0.70	1.36	0.45	0.29	0.94	1.54	0.38	0.32	1.87
Interest	0.02	0.02	0.02	0.02	0.02	0.02	0.04	0.03	0.03	0.03	0.03	0.03
Depreciation	0.73	0.74	0.74	0.69	0.46	0.46	0.46	0.47	0.49	0.49	0.50	0.50
Profit before tax	0.35	3.40	−1.29	−2.50	1.04	2.09	−1.61	−0.11	0.89	1.41	−2.13	−1.10
Tax %	19.5%	24.9%	−23.0%	−30.6%	11.4%	17.7%	−13.6%	−225.0%	32.2%	26.1%	−110.7%	−26.1%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01	0.00	0.00	0.00
Net Profit	0.30	2.58	−1.00	−1.75	0.94	1.73	−1.41	0.16	0.62	1.06	0.23	−0.83
EPS (Rs)	0.26	2.23	−0.87	−1.51	0.81	1.50	−1.22	0.14	0.54	0.92	0.20	−0.72

Karma Energy profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Karma Energy Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	14.03	27.57	33.63	29.21	36.04	23.17	27.63	12.85	12.39	8.74	9.80	9.81
Expenses	8.98	16.78	25.59	25.20	25.87	24.87	22.20	9.60	9.13	8.24	12.61	12.58
Operating Profit	4.99	10.71	7.92	3.90	10.02	−1.83	5.31	3.20	3.22	0.46	−2.87	−2.88
OPM %	35.5%	38.8%	23.5%	13.3%	27.8%	−7.9%	19.2%	24.9%	26.0%	5.2%	−29.3%	−29.4%
Other Income	5.57	1.16	0.30	−0.52	0.98	0.50	0.96	9.99	−0.19	3.01	4.09	4.11
Interest	6.98	7.75	4.49	4.21	5.34	5.23	3.40	1.13	0.11	0.14	0.15	0.12
Depreciation	4.99	4.97	4.97	4.95	5.41	5.10	5.08	4.82	2.93	1.88	2.01	1.98
Profit before tax	−1.43	−0.92	−1.27	−5.81	0.19	−11.65	−2.25	7.18	−0.02	1.40	−0.93	−0.93
Tax %	7.0%	−300.0%	−12.5%	−27.2%	15.0%	−8.6%	−5.7%	18.2%	−500.0%	0.0%	−210.7%	—
Exceptional items	4.01	0.00	0.00	−2.01	0.00	0.00	0.00	3.01	−2.01	1.01	1.01	1.01
Net Profit	−1.55	1.86	−1.13	−4.27	0.18	−10.72	−2.14	5.91	0.13	1.41	1.06	1.08
EPS (Rs)	−1.32	1.61	−0.98	−3.66	0.16	−9.23	−1.85	5.10	0.11	1.22	0.92	0.94
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Karma Energy balance sheet

₹ crore, at each year end.

Karma Energy Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	11.59	11.60	11.58	11.59	11.59	11.59	11.60	11.60	11.59	11.59	11.60	11.60
Reserves	31.46	29.95	43.39	61.96	36.13	34.20	20.96	18.60	26.85	26.81	28.23	29.23
Borrowings	50.32	73.34	59.22	44.21	56.57	71.04	64.67	18.77	6.27	1.07	1.94	1.51
Other Liabilities	23.19	21.80	19.36	24.37	15.44	14.39	15.29	14.47	10.78	10.57	10.28	4.73
Total Liabilities	117	137	134	142	120	131	113	63.44	55.49	50.04	52.05	47.07
Fixed Assets	58.00	53.05	47.84	42.87	45.05	42.27	37.41	32.31	27.37	23.25	22.03	21.18
CWIP	0.33	0.35	0.38	0.33	0.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	34.30	44.15	52.99	78.43	49.78	58.83	52.33	1.87	13.49	12.51	5.75	11.05
Other Assets	23.93	39.14	32.34	20.50	24.56	30.12	22.78	29.26	14.63	14.28	24.27	14.84
Inventories	0.65	0.58	0.55	0.49	0.49	0.43	2.53	2.40	2.04	2.05	1.97	1.66
Trade receivables	15.55	30.51	25.01	7.60	9.89	15.83	6.77	9.88	10.54	9.15	6.95	1.22
Cash & equivalents	3.92	3.91	4.16	4.42	10.61	10.56	10.95	11.02	0.30	0.10	0.59	0.12
Total Assets	117	137	134	142	120	131	113	63.44	55.49	50.04	52.05	47.07

Karma Energy cash flow

₹ crore, for each year.

Karma Energy Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	10.65	−12.24	19.10	14.15	5.73	4.68	11.10	−1.60	4.97	4.44	1.67	1.94
Cash from investing activity	−3.23	−9.89	−4.27	3.99	−10.65	−19.42	0.13	50.79	8.56	0.70	−1.90	−1.83
Cash from financing activity	−7.53	22.08	−15.09	−14.05	8.13	7.57	−11.05	−49.49	−13.52	−5.33	0.73	−0.59
Net cash flow	−0.11	−0.03	−0.25	4.10	3.22	−7.18	0.18	−0.31	0.03	−0.21	0.50	−0.48
Capex	3.18	0.00	0.03	0.00	7.16	1.07	0.21	0.00	0.00	0.90	1.96	1.60
Free cash flow	7.42	−12.25	19.07	14.22	−1.45	3.60	10.88	−1.60	5.40	3.53	0.85	1.14
CFO / OP %	275.0%	−245.0%	191.0%	194.0%	185.0%	48.0%	−671.0%	−29.0%	199.0%	163.0%	462.0%	−88.0%

Karma Energy ratios

Working-capital days and returns, by year.

Karma Energy Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	372	799	334	84	125	162	108	132	302	272	293	47
Cash conversion cycle	371	798	333	83	124	161	107	131	301	271	292	46
Working capital days	−121	−668	−392	46	−169	−306	−623	92	104	208	632	498
ROCE %	1.5%	0.3%	6.0%	2.8%	0.8%	5.0%	−6.0%	1.6%	7.0%	2.5%	1.0%	−4.8%

Karma Energy: frequently asked questions

What are the latest quarterly results of Karma Energy?

For the Mar 2026 quarter, Karma Energy reported sales of ₹0.89 Cr, down 6.3% year on year and net profit of −₹0.83 Cr, down 618.8% year on year. The operating margin was −277.3%.

What is the annual revenue of Karma Energy?

Karma Energy's sales for the year to Mar 2026 were ₹9.80 Cr; over the last twelve months they were ₹9.81 Cr.

What is the net profit of Karma Energy?

Net profit for the year to Mar 2026 was ₹1.06 Cr, and ₹1.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.94.

How much debt does Karma Energy have?

Karma Energy reported borrowings of ₹1.51 Cr at Mar 2026, against cash and equivalents of ₹0.12 Cr.

What is the free cash flow of Karma Energy?

Cash from operations was ₹1.94 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.14 Cr.

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